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Innovative Growth Strategy in the US, Europe and Japan

Author

Listed:
  • Kim, Gyu-Pan

    (Korea Institute for International Economic Policy)

  • Kang, Gu Sang

    (Korea Institute for International Economic Policy)

  • Kim, Jonghyuk

    (Korea Institute for International Economic Policy)

  • OH, Taehyun

    (Korea Institute for International Economic Policy)

  • LEE, Hyun Jean

    (Korea Institute for International Economic Policy)

  • Son, Wonju

    (Korea Institute for International Economic Policy)

Abstract

The Korean government is implementing innovative growth policies such as not only a super-connected intelligence project, smart city, smart factories for innovative SMEs, and start-up ecosystem projects, but also policies to innovate regulations and create an innovative infrastructure. The purpose of this study is to suggest the policy implications for the Korean government by analyzing innovative growth policies of major countries such as the United States, Germany, France, and Japan. Against this backdrop, this study focused on a comparative analysis of fourth industrial revolution areas currently being pursued by the Korean government: smart factories, start-up ecosystem, and the fintech industry.

Suggested Citation

  • Kim, Gyu-Pan & Kang, Gu Sang & Kim, Jonghyuk & OH, Taehyun & LEE, Hyun Jean & Son, Wonju, 2020. "Innovative Growth Strategy in the US, Europe and Japan," World Economy Brief 20-16, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2020_016
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    Cited by:

    1. Myoungjae Choi & Ohjin Kwon & Dongkyu Won & Wooseok Jang, 2021. "Identifying the Policy Direction of National R&D Programs Based on Data Envelopment Analysis and Diversity Index Approach," Sustainability, MDPI, vol. 13(22), pages 1-17, November.

    More about this item

    Keywords

    SMEs; US; EUROPE; JAPAN; Innovative Growth;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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